The acquisition will enhance Live Nation’s ability to provide relevant content to consumers and business intelligence solutions for entertainment businesses and brand marketers. BigChampagne will be a part of Live Nation’s Live Analytics group launched earlier this year.
Spotify has added about 2.5 million global monthly average users (MAU) in the last month, according to figures available at AppData.com. Also, Louis CK becomes an unexpected but not unlikely DIY poster boy, and it turns out video games actually are a good distribution point for streaming music and video.
Rara.com, a new take on music subscription services, launched Tuesday in 16 territories including the U.S., U.K., France, Germany, Italy and Sweden, and will launch in seven additional markets later this week. The company is betting there’s money to be made from people latecomers: Director Tim Hadley says 60 percent of consumers are yet to adopt any form of digital music.
Digital distributor INgrooves has made some upgrades to the client console used by its label partners. Among the new features are the ability to choose retailer ad distribution options to over 200 territories, automatically pay US mechanical royalties and analyze sales trends from retailers across product types, territories and retailers.
In a recent post, digital music entrepreneur Michael Robertson says he believes Spotify “can never” be profitable. But “never” is probably not the best word to use when talking about the profitability of a digital music startup. Also, Clear Channel Digital names Bob Stohrer CMO, and Grooveshark signs licensing deals with five labels.
Pandora Media shares had dropped 5 percent in midday trading Monday in the wake of music-streaming service Spotify’s unveiling of upgraded radio features. The broader market was also down Monday, meaning Spotify wasn’t behind the entire decline. By 2 p.m. ET the S&P 500 was down 2.1 percent and the Nasdaq composite was down 1.8 percent. But Pandora dropped 5.1 percent on Friday as well.